Asked by
Sarah Renfro
on Nov 14, 2024
Verified
The statement of cash flows will not report the
A) amount of cheques outstanding at the end of the period.
B) sources of cash in the current period.
C) uses of cash in the current period.
D) change in the cash balance for the current period.
Cheques Outstanding
Cheques that have been written and recorded in the payer's accounting system but have not yet been cashed or cleared by the receiving bank.
- Gain an understanding of the rationale and definition behind the statement of cash flows.
- Comprehend the connection between the cash flow statement and additional financial statements.
Verified Answer
LD
Learning Objectives
- Gain an understanding of the rationale and definition behind the statement of cash flows.
- Comprehend the connection between the cash flow statement and additional financial statements.